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Home Buying in 02453 : Real Estate Advice

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  • Home Buying3
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Activity 32
Thu Nov 6, 2008
Scott Godzyk answered:
If you are a year out you are a little early, however you would first sit down with a local and trusted mortgage broker, they can pre approve you for a mortgage, they will tell you what price rang you should look in, how much you will need for a down payment and closing costs and what your monthly paymenjt will be. Your next step is interview a buyer broker than can assist you in finding houses to drive by and get inside to see. in most cases you can negotiate with a buyer broker so that it does not costs you jmanything out of pocket as the buyer agent gets paid at closing from the listing broker the fee offered in MLs. This way you have someone looking out for you. good luck with your purchase. ... more
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Mon Sep 8, 2008
Territory.com answered:
It was bought in 2003 for $403,000 so they are pretty close to selling it at a loss. Depending what their mortgage amount was they may be close to becoming short sale, which can be a very frustrating process. It has been on the market for 72 days and dropped in price once. I checked out the sales history for waltham condo's and 6 have sold in the last year with and average sale price of $388,483. The average discount off of original price is 5% and the average days on market is 72. Right now there are 33 townhouses on the market so there is pretty stiff competition which is likely part of the reason it hasn't sold yet. For instance these:

http://www.territoryre.com/idx/listings/70721560/details.html

http://www.territoryre.com/idx/listings/70792629/details.html

http://www.territoryre.com/idx/listings/70780133/details.html

Seems the property is in nice condition - built in 2006 so fully upgraded - plus it has garage parking. Near the train and park.

Generally speaking Waltham is a great place to consider investing as they are seeing an economical boost because a lot of tech businesses are moving their head quarters to the area due to proximity to the city and lower commercial costs, which should help boost the residential market.

Hope that helps. Good luck!
... more
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Fri Aug 8, 2008
John Savignano answered:
if you know the address you can probably get it on line with a deed search (you can search by property address) at www.masslandrecords.com
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Wed Oct 29, 2008
Territory.com answered:
Here are links to the properties you are interested in (there are google maps with actual live street views):
http://www.territoryre.com/idx/listings/70769654/details.html
http://www.territoryre.com/idx/listings/70798739/details.html

In regards to Myrtle Street, these are brand new townhomes that seem nicely upgraded and staged. Unfortunately because they are so new there is no sale history for other units (no direct comparables). When I did a quick search of townhouses with the same square footage I found 10 that have sold in the last year but none over $390,000. I took a fast peak at what these looked like on the interiors and according to the pic's none were as upgraded and new as Myrtle so that is likely where the extra $29,000+ is coming into play. I think the property is nicely priced as you get the garage parking, new amenities and an extra deeded spot. Generally speaking, Watertown has a pretty healthy townhouse market due to its proximity to the city. In terms of future value, I wish i had a crystal ball for you, but Watertown tends to have a pretty healthy market, again due to its proximity to cambridge (harvard and MIT) and Boston (schools, economy) and those things aren't going anywhere.

8 School St is also new construction and seems nicely done (amenities), close to the T. This property has been on the market for 288 days and has not had a price drop. The price per square foot is vastly different (better) in comparison to the Watertown property - twice the space. It is a little further out (from the city) than watertown and therefore the townhouse market might be slightly slower than the watertown as it is more suburban (families). I think Waltham is an interesting investment ... There have been a lot of local renovations and influx of corporate offices (tech) which is good for the local economy. I checked sold data: townhouses, last year, similar square footage and there were 11 sales, including a couple on school street. The highest price in this square footage range was $515,000. the other townhouses in the complex with similar square footage sold at $218 a square foot and one of them sat on the market for 300+ days. Who knows why 8 school hasn't sold perhaps it is as simple as a cool down in the market and the days on market being higher for this area - things simply take longer to sell.

I hope this helps!
... more
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Thu Jun 12, 2008
Jon Ernest answered:
Watertown perhaps?
http://www.rls2000.com/link/detail.asp?listingID=70771502&agentid=106993&searchtype=&b=106993&&strstate=ma&txttown=watertown%3ama&cc=cc&txtstyle=xx&txtminprice=400000&txtmaxprice=430000&txtminbeds=1&txtminbaths=1&txtnumber=&search=search ... more
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Wed May 14, 2008
Jonathan Bowen answered:
Hi, it depends on what you are looking for. It's best to physically take a look at a few areas. I'd be glad to help and give some advice. :)
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Wed May 7, 2008
Michael Giles answered:
There are too many unknown variables to answer this question. Find a local Buyer Agent that can perform a market analysis on the property to give you a good idea of a fair market value. If it is over priced, it can be less insulting to the seller if you can explain your reasoning. ... more
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Mon Apr 21, 2008
Territory.com answered:
That area hits the Belmont line - affluent area with highly regarded schools. That area of waltham is also walking distance to the commuter rail, which is always a good thing when determining value. This particular street is also near Beaver Brook Reservartion - 59 acres of conserved land and a nice public park.

Here are 4 nice houses for sale right in that area:

32 Van Vechten St: 70745760
16 Royal Street: 70740741
http://www.territoryre.com/SF_Property.php?LIST_NO=70628297
http://www.territoryre.com/SF_Property.php?LIST_NO=70705155


Check out this website for school info:
http://www.greatschools.net/


Good luck!
... more
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Fri Aug 17, 2012
Brecht Palombo answered:
Single - Unless you're in downtown boston or somewhere else where condos are the bulk of the inventory single family homes will always be better for resale - in my opinion
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Thu Apr 17, 2008
Michael Giles answered:
The first place I would go is to the building inspector. He/She will know of any zoning issues that may prohibit you from doing the work. They can also direct you to any other person that will be involved in the process (city planner, board of appeals etc...) ... more
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Sun Apr 6, 2008
Sona Merlin answered:
Condo documents are filed at The Register of Deeds office.
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Tue Apr 22, 2008
The_Bayou answered:
Warrendale has become a very desirable neighborhood. Lately it seems to be the hot spot for young couples from Newton and Belmont that can not yet afford to buy single family homes in those towns. ... more
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